The purpose of this report, which was prepared by Milliman on behalf of the National Association of Mutual Insurance Companies (NAMIC), is to help policymakers and the public understand Illinois’ proposed Motor Vehicle Insurance Fairness Act. The report provides an actuarial perspective on 1) how the Illinois personal auto insurance market has been performing relative to other states, and 2) how various forms of rate regulation have impacted the availability, affordability, and reliability of personal auto insurance markets in other states.

This report was commissioned by the National Association of Mutual Insurance Companies.